Pear Therapeutics, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on April 7, 2023. The debtor listed both its assets of $75.05 million and liabilities of $40 million. The debtor is represented by Robert K. Malone, Kyle P. McEvilly and Chantelle D'nae McClamb of Gibbons, P.C., Alison D. Bauer, Jasmine Nicole Brown, Euripides D. Dalmanieras, Christian Alexander Garcia, and Jiun-Wen Bob Teoh of Foley Hoag LLP and George W. Shuster, Jr. of Wilmer Cutler Pickering Hale and Dorr LLP as its legal counsels.

The debtor also hired Matthew Foster of Sonoran Capital Advisors, LLC and Michael Ludwig of MTS Health Partners, L.P. as its financial advisors. Sheryl Betance of Stretto, Inc. acted as notice, claims, solicitation and balloting agent.